Thursday, July 07, 2011 8:37:39 AM
No matter how you do the math that is one heck of a large number of shares. Sure adds to the evidence of the fact that the float of EIGH is in fact locked down. Sure helps to explain why Etrade and other brokerage firms are in fact short. Sure provides hope to those of us who own shares that this could end with a good outcome rather than a bad one. Now that regulators are well into this investigation they must know with certainty about the huge naked short position that exists. The company provided lots of evidence and I know many EIGH shareholders called and wrote to the SEC asking that they include the naked shorting of our stock as part of their investigation. With all the knowledgable people that post here I am hoping for some suggestions that will insure that regulators do in fact order a buyin of those non existant shares. A buyin of those shares would certainly help folks recoup the losses presently reflected in their brokerage accounts.
So should we try and get some press coverage? Should we start a calling campaign or mail campaign to the SEC? Should we contact the legal counsel that represented the TASR shareholders and recently won a settlement against the Wall Street giants for naked shorting? I think everyone wants the best possible outcome for the shareholders which would include a financial gain rather than a loss and if we all work together I believe we can acheive just that. Your honest help will be very much appreciated. Go EIGH!!!
My one allowed post for the day!
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